The Ministry of Poverty Alleviation and Employment in Uzbekistan has revealed a 2.1% decrease in the unemployment rate, indicating positive strides in the country's labor market.
Decline in Unemployment Rate
As per the announcement, the unemployment rate is projected to stand at 6.8% by the end of 2023, marking a notable decrease of 2.1% compared to the corresponding period of the previous year.
Social Survey Highlights Progress
In December 2023, the Labor Market Research Institute, under the Ministry, conducted a comprehensive social survey across 208 cities and districts of Uzbekistan. The survey, based on recommendations from the International Labor Organization, encompassed 1,000 self-governing bodies, 10,000 households, and 53,300 citizens.
Increase in Labor Resources
Statistics reveal a positive trajectory in labor resources, with the number of individuals in the workforce reaching 19.7mn as of January 1, 2024. This marks an increase of 207,400 people, equivalent to a growth rate of 1.1%, compared to the same period in 2023.
Impact on Poverty Reduction
The data also indicates a decline in the poverty rate, dropping from 14.1% to 11% based on the 2023 census. The Ministry attributes this decrease in poverty to efforts aimed at enhancing population employment levels and addressing unemployment challenges.
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